Blair William & Co. IL Lowers Position in Dover Co. (NYSE:DOV)

Blair William & Co. IL reduced its holdings in shares of Dover Co. (NYSE:DOV) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,068 shares of the industrial products company’s stock after selling 656 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of Dover worth $13,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DOV. Avantax Advisory Services Inc. purchased a new position in shares of Dover in the 4th quarter worth about $247,000. Norges Bank purchased a new position in Dover in the fourth quarter valued at about $175,275,000. Coldstream Capital Management Inc. grew its position in shares of Dover by 17.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,938 shares of the industrial products company’s stock valued at $452,000 after acquiring an additional 447 shares during the period. Assetmark Inc. increased its stake in shares of Dover by 6.3% during the 4th quarter. Assetmark Inc. now owns 39,389 shares of the industrial products company’s stock worth $6,058,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Dover by 4.8% in the 4th quarter. Commerce Bank now owns 55,719 shares of the industrial products company’s stock worth $8,570,000 after purchasing an additional 2,530 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the transaction, the senior vice president now owns 47,060 shares in the company, valued at $8,706,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,383 shares of company stock valued at $8,169,883. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho increased their price objective on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Robert W. Baird reiterated an “outperform” rating and set a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. Finally, Royal Bank of Canada boosted their price objective on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.63.

Dover Stock Performance

NYSE:DOV opened at $191.18 on Friday. Dover Co. has a 52-week low of $127.25 and a 52-week high of $192.31. The business’s fifty day moving average is $181.55 and its 200 day moving average is $179.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. The firm has a market cap of $26.27 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.17 and a beta of 1.22.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Research analysts predict that Dover Co. will post 9.17 EPS for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This is a positive change from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, August 30th. Dover’s payout ratio is 19.79%.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.